Capital Planning Advisors LLC Lowers Holdings in Procter & Gamble Company (The) (NYSE:PG)

Capital Planning Advisors LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,231 shares of the company’s stock after selling 74 shares during the quarter. Capital Planning Advisors LLC’s holdings in Procter & Gamble were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Brighton Jones LLC grew its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in Procter & Gamble in the fourth quarter worth $7,721,000. Entruity Wealth LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $352,000. Finally, Granite Investment Partners LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Granite Investment Partners LLC now owns 12,764 shares of the company’s stock valued at $2,140,000 after purchasing an additional 150 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

NYSE:PG opened at $153.55 on Monday. The firm has a market cap of $359.67 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. The stock has a 50 day moving average of $158.26 and a two-hundred day moving average of $163.66. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Procter & Gamble’s revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.88.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.